বাংলা
18 November 2018

India-Iran gas pipeline could benefit Bangladesh


Newsworldbd.com -11.02.2016

TAPI_NET__1669375fThe reopening of Iran, now that sanctions against the country have been eased following the signing of a nuclear deal with the world powers, could be a boon to Bangladesh’s energy sector.

The government is planning a high level meeting to determine what a proposed pipeline between Iran and India via the sea, and by-passing Pakistan, will mean for Bangladesh and to decide what to do next.

EMRD Acting Secretary Nazimuddin Chowdhury told yesterday: “We will sit to review the matter on February 16.”

The Prime Minister’s Power and Energy Adviser Tawfiq-e-Elahi Chowdhury and State Minister for Power, Energy and Mineral Resources Nasrul Hamid are scheduled to attend the meeting.

The proposed pipeline could help satisfy Bangladesh’s hunger for energy, but the deal must be carefully negotiated if Bangladesh is to benefit, energy experts said.

“If we can access the pipeline, we will be benefitted,” an Energy and Mineral Resources Division official said, asking not to be named, but added: “We have to be cautious when negotiating transmission charges and tariffs.”

Energy negotiations with India have seen hiccups in recent times.

Previous plans to construct a 130km fuel oil pipeline between the Indian town of Siliguri and Parbatipur in Dinajpur fell through after Indian state-owned Numaligarh Refinery Limited sought an exorbitant premium for diesel exports to Bangladesh.

But Iran is very keen to do business with Bangladesh.

A recent Iranian business delegation led by Mohammad Reza Moudoody, adviser to Iran’s Industries, Mines and Commerce minister told Commerce Minister Tofail Ahmed recently that Iran was interested in exporting Liquefied Petroleum Gas to Bangladesh.

The Hindu.com reports that the proposed $4.5 billion pipeline under the Arabian Sea will transport 31.5 million standard cubic metres of gas under the per day and is expected to be built within two years of the signing of the gas sale and purchase agreement.

A senior Iranian official recently said negotiations were being held to build the pipeline from Iran to India’s western coast following India’s rejection of a proposal for an overland pipeline that would pass through Pakistan.

As per the proposal being discussed, South Asia Gas Enterprise (Sage) will lay a 1,400 km pipeline bypassing the exclusive economic zone (EEZ) of Pakistan. Any company wanting to buy gas from Iran can rent the pipeline.

Tehran-based Mehr news agency reported that Iran agreed to award a $3 billion contract to develop the Farzad B gas field in the Persian Gulf to a consortium of Indian companies led by India’s state-run Oil and Natural Gas Corporation (ONGC).

Mehr quoted the director of the Falat Ghare oil company, Saeed Hafezi, as saying the easing of sanctions signified that the consortium could resume field development, the first phase of which aims to produce one billion cubic feet of natural gas per day.

The Farzad B field, discovered by the Indian explorer’s overseas arm ONGC Videsh Ltd (OVL), is estimated to hold initial in-place gas reserves of 12.5 trillion cubic feet.




Latest News



Editor: AHM Anwarul Karim

NEWSWORLDBD.COM
email: [email protected]
Phone: +8801787506342

©Titir Media Ltd.
43/B/1, East Hazipara, Rampura
Dhaka-1219, Bangladesh.


close